2612 MEADOWBROOK DR, Denver, CO 80221
*** Preferred lender providing a 2% lender credit (based on loan amount) now through July 22nd. After July 22nd becomes a 1.75% lender credit (based on loan amount) to be used towards closings costs and prepaid items or buy down interest rates! Primary, Secondary and Investment loan eligible, no income limits – Conditions apply. Estimated savings of up to $10,000! Welcome to this charming ranch-style home with a fully finished basement, located in a safe and friendly neighborhood! A grassy landscape and a spacious 5-car driveway are just the beginning. Discover an inviting living/dining room adorned with a fireplace for chilly nights! The kitchen boasts stainless steel appliances, ample wood cabinetry, and a subway tile backsplash. Three bedrooms and a bathroom complete the main level. Head onto the basement to find the bonus room, a versatile space that can be a game area, family room, or anything that could suit your needs. Additional features on this level include two more bedrooms, a bathroom, and a laundry room, enhancing the home's functionality. PLUS! Enjoy the comfort of evaporative cooling and energy-efficient appliances, ceiling fans, and LED lighting throughout the house. This home includes laminate flooring, built-in audio/video controls, and upgraded bathrooms with a manufacturer's warranty. Security is a priority, with exterior doors equipped with deadbolts, bump-proof locks, and a radon mitigation system! Out of the large backyard, you have an open patio to relax or have a fun BBQ. The 2 storage sheds are great for gardening & garage needs, while the greenhouse is currently used for wood storage. Conveniently close to the highway, RTD, and within walking distance of schools. The neighborhood is dog-friendly and offers a park. Take advantage of the nearby water park for endless outdoor fun! All built-in appliances will remain as currently installed, making this home perfect for comfortable living.
You may be able to put down less than the total down payment amount of $201,124 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #8221568
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